InvestorNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Technology Recognized as Significant Breakthrough for Defense Applications
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its QuadSight(R) stereovision solution was recognized as a significant technological breakthrough by Israel’s Ministry of Defense. According to the announcement, the QuadSight solution was tested extensively for more than two years in challenging weather and environmental conditions by the Administration for Research and Development of Weapons and Technological Infrastructure of Israel’s Ministry of Defense. The tests were conducted to search for an effective alternative to replace active LiDAR sensors. In addition, Foresight’s high-resolution point cloud was tested in its performance against LiDAR on platforms designed for autonomous driving. The Ministry of Defense concluded that Foresight’s technology exceeded all requirements and declared it to be a significant breakthrough for defense applications.
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About Foresight Autonomous Holdings Ltd.
Foresight is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (“3D”) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.ForesightAuto.com.
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